[Fed News - Jerome Powell] Monetary Policy at a Time of Uncertainty and Tight Labor Markets
At "Price and Wage-Setting in Advanced Economies," an ECB Forum on Central Banking, Sintra, Portugal - June 20, 2018.
[...] Job gains have been strong, on average, in recent months, and the unemployment rate has Nine years into an expansion that has sometimes proceeded slowly, the U.S. economy is performing very well. Growth is meaningfully above most estimates of its long-term trend--though admittedly, that trend is not as strong as we would like it to be. The labor market is particularly robust, with unemployment at its lowest level since April 2000. [...]
[Bruegel] European and Chinese trade competition in third markets: the case of Latin America
[...] China’s increasingly important role in the global economy has transformed the nature of global competition and reshaped international trade. Meanwhile, the European Union has long been the most important power in global trade and continues to run a very large trade surplus. We address whether China is an increasingly relevant competitor for Europe in third markets, and in particular in Latin America. [...]
By Alicia Garcia-Herrero, Thibault Marbach and Jianwei Xu
[IMF - Mission] United States of America: Staff Concluding Statement of the 2018 Article IV
[...] Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment. However, despite good near-term prospects, a number of vulnerabilities are being built-up for the medium-term...[...]